Global packaging automation market expected to generate revenue of around USD 58.1 billion by the end of 2024, growing at a CAGR of around 8.4% between 2018 and 2024. Packaging automation is the process of packing the products through robots or machines. It helps to protect the product from physical damage.
The report covers forecast and analysis for the packaging automation market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for the packaging automation market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the packaging automation market on a global level.
In order to give the users of this report a comprehensive view on the packaging automation market, we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein product type segment, application segment, and end-user industry segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology and regional expansion of major participants involved in the market on the global and regional basis. Moreover, the study covers price trend analysis, product type portfolio of various companies according to the region.
The study provides a decisive view on the packaging automation market by segmenting the market based on product type, application, end-user industry, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. Based on product type, the market is segmented into packaging robots, automated conveyors, and automated packagers. On the basis of application, the market is segmented into form, filling & sealing (FFS), capping, labeling, wrapping, palletizing, and others. Based on end-user industry, the market is segmented into healthcare & pharmaceutical, food & beverage, logistics & e-commerce, automotive, chemicals, and others. The regional segmentation includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. This segmentation includes demand for packaging automation market based on all segments in all the regions and countries.
The report also includes detailed profiles of end players such as 3M, MeadWestvaco Corporation, BASF SE, Du Pont De Nemours and Company, Amcor Limited, Avery Dennison Corp., Sealed Air Corporation, Avery Dennison Corp., Huhtamaki Group, Stora Enso OYJ, International Paper, RR Donnelley, Sonoco Products Company, Smartrac N.V., and others.
This report segments the global packaging automation market as follows:
Global Packaging Automation Market: Product Type Segment Analysis
Global Packaging Automation Market: Application Segment Analysis
Global Packaging Automation Market: End-User Industry Segment Analysis
Global Packaging Automation Market: Regional Segment Analysis
Packaging plays a key role in the marketing of a product, as it is one of the most significant factors that determine the sales of the product. Advancement in packaging automated solutions has been emerging as an important factor due to rising popularity of shelf service marketing which results in effective & speedy packaging process by manufacturers with minimal manual interventions. These solutions have major applications in wide range of packaging processes such as product shipment, product sorting, product storage, and product handling. Growing demand from packaging manufacturers to speed up packaging process to meet consumer demands is the major factor expected to drive the packaging automation market growth over the forecast period.
Automation is mostly used in the packaging industry to improve labor productivity, ensure the quality of packaging, and also to decrease storage and packaging cost. Safety regulations are the foremost concern among manufacturers particularly in the food and beverage and healthcare industries. Regulations associated with safety can also adhere to the developing applications which include automated reporting capabilities that aid in generating brief reports for each line of packaging. The packaging also helps to protect the products from dust, physical damage, and various other factors. In order to gain maximum profits, cost-cutting is a major factor in the light of intense competition coupled with increased globalization of manufacturing. However, the requirement of high level of maintenance and high capital cost for automated packaging systems is expected to restrain industry growth in the future years.
Based on product type, the packaging automation market is segmented into packaging robots, automated conveyors, and automated packagers. On the basis of application, the market is segmented into form, filling & sealing (FFS), capping, labeling, wrapping, palletizing, and others. Based on end users, the market is segmented into healthcare & pharmaceutical, food & beverage, logistics & e-commerce, automotive, chemicals, and others.
Europe held major revenue share of the global packaging automation market in 2017 and the region is anticipated to continue with its regional supremacy over the forecast period. The growth of this regional market is attributed due to the presence of major companies in the region that are engaged in offering user-friendly, cost-effective, and advanced packaging automation solutions. The Asia Pacific is projected to provide significant opportunities for packaging automation. The region is the hub for food and beverages, healthcare, and automotive industries, which will increase demand for advanced packaging solutions.
Some of the key players operating in packaging automation market include 3M, MeadWestvaco Corporation, BASF SE, Du Pont De Nemours and Company, Amcor Limited, Avery Dennison Corp., Sealed Air Corporation, Huhtamaki Group, Stora Enso OYJ, International Paper, RR Donnelley, Sonoco Products Company, Smartrac N.V., and others. Industry players are mostly focusing on developing innovative products and services to gain maximum revenue share.
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